loc group holdings limited
loc group holdings limited Company Information
Company Number
08676704
Next Accounts
Feb 2025
Directors
Shareholders
david ballands
andrew pointing
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
c/o cowgill holloway llp, regenc, chorley new road, bolton, BL1 4QR
Website
loc-group.comloc group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of LOC GROUP HOLDINGS LIMITED at £120.4m based on a Turnover of £51.2m and 2.35x industry multiple (adjusted for size and gross margin).
loc group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of LOC GROUP HOLDINGS LIMITED at £23.6m based on an EBITDA of £2.4m and a 9.76x industry multiple (adjusted for size and gross margin).
loc group holdings limited Estimated Valuation
Pomanda estimates the enterprise value of LOC GROUP HOLDINGS LIMITED at £0 based on Net Assets of £-29.1m and 1.34x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Loc Group Holdings Limited Overview
Loc Group Holdings Limited is a dissolved company that was located in bolton, BL1 4QR with a Companies House number of 08676704. It operated in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2013, it's largest shareholder was david ballands with a 48.9% stake. The last turnover for Loc Group Holdings Limited was estimated at £51.2m.
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Loc Group Holdings Limited Health Check
Pomanda's financial health check has awarded Loc Group Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £51.2m, make it larger than the average company (£15.3m)
£51.2m - Loc Group Holdings Limited
£15.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (6%)
-7% - Loc Group Holdings Limited
6% - Industry AVG
Production
with a gross margin of 32%, this company has a comparable cost of product (33.7%)
32% - Loc Group Holdings Limited
33.7% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (4.9%)
-1.3% - Loc Group Holdings Limited
4.9% - Industry AVG
Employees
with 359 employees, this is above the industry average (105)
359 - Loc Group Holdings Limited
105 - Industry AVG
Pay Structure
on an average salary of £71.8k, the company has a higher pay structure (£36.3k)
£71.8k - Loc Group Holdings Limited
£36.3k - Industry AVG
Efficiency
resulting in sales per employee of £142.6k, this is equally as efficient (£155.2k)
£142.6k - Loc Group Holdings Limited
£155.2k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (49 days)
100 days - Loc Group Holdings Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (48 days)
23 days - Loc Group Holdings Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Loc Group Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 94 weeks, this is more cash available to meet short term requirements (12 weeks)
94 weeks - Loc Group Holdings Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 159.9%, this is a higher level of debt than the average (70.3%)
159.9% - Loc Group Holdings Limited
70.3% - Industry AVG
LOC GROUP HOLDINGS LIMITED financials
Loc Group Holdings Limited's latest turnover from December 2018 is £51.2 million and the company has net assets of -£29.1 million. According to their latest financial statements, Loc Group Holdings Limited has 359 employees and maintains cash reserves of £17.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|
| Turnover | 51,203,623 | 53,308,516 | 60,231,583 | 63,337,172 | 64,792,212 | 10,852,617 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 34,801,679 | 34,271,800 | 38,399,874 | 41,761,679 | 41,707,132 | 12,783,599 |
| Gross Profit | 16,401,944 | 19,036,716 | 21,831,709 | 21,575,493 | 23,085,080 | -1,930,982 |
| Admin Expenses | 17,089,413 | 19,489,065 | 18,460,320 | 21,970,630 | 20,471,643 | 1,221,720 |
| Operating Profit | -687,469 | -452,349 | 3,371,389 | -395,137 | 2,613,437 | -3,152,702 |
| Interest Payable | 4,967,458 | 4,945,530 | 4,573,376 | 3,984,630 | 3,634,260 | 660,081 |
| Interest Receivable | 19,086 | 48,336 | 69,873 | 56,610 | 151,396 | 137,466 |
| Pre-Tax Profit | -5,635,841 | -5,349,543 | -1,132,114 | -4,323,157 | -869,427 | -3,675,317 |
| Tax | -2,977,456 | -681,294 | -3,089,914 | -1,801,308 | -2,812,566 | 85,489 |
| Profit After Tax | -8,613,297 | -6,030,837 | -4,222,028 | -6,124,465 | -3,681,993 | -3,589,828 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -8,641,353 | -6,015,407 | -4,222,028 | -6,124,465 | -3,681,993 | -3,589,828 |
| Employee Costs | 25,781,975 | 26,149,234 | 29,755,021 | 30,596,977 | 29,264,317 | 4,295,484 |
| Number Of Employees | 359 | 345 | 382 | 399 | 385 | 345 |
| EBITDA* | 2,414,246 | 2,554,806 | 6,605,578 | 5,762,929 | 9,357,956 | -2,188,668 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 652,034 | 2,583,751 | 2,750,997 | 2,341,491 | 1,342,940 | 770,958 |
| Intangible Assets | 12,991,423 | 12,509,968 | 14,592,190 | 16,906,763 | 22,583,204 | 28,938,935 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 1,893,218 | 1,973,362 | 2,208,854 | 0 | 0 |
| Total Fixed Assets | 13,643,457 | 16,986,937 | 19,316,549 | 21,457,108 | 23,926,144 | 29,709,893 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 14,077,570 | 15,957,089 | 19,794,632 | 21,019,333 | 22,269,013 | 14,983,738 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,406,190 | 0 | 0 | 3,396,142 | 5,370,369 | 10,155,637 |
| Cash | 17,128,939 | 17,859,686 | 18,281,795 | 13,168,461 | 8,094,116 | 5,834,917 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 34,612,699 | 33,816,775 | 38,076,427 | 37,583,936 | 35,733,498 | 30,974,292 |
| total assets | 48,256,156 | 50,803,712 | 57,392,976 | 59,041,044 | 59,659,642 | 60,684,185 |
| Bank overdraft | 0 | 0 | 0 | 2,541,636 | 0 | 0 |
| Bank loan | 0 | 0 | 1,360,920 | 1,360,920 | 1,360,920 | 680,460 |
| Trade Creditors | 2,201,112 | 2,060,893 | 1,218,148 | 2,592,255 | 1,983,806 | 2,675,518 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 10,372,991 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,183,440 | 6,343,064 | 8,609,005 | 7,704,701 | 7,806,842 | 9,244,821 |
| total current liabilities | 9,384,552 | 8,403,957 | 11,188,073 | 14,199,512 | 11,151,568 | 22,973,790 |
| loans | 0 | 0 | 57,957,686 | 55,138,034 | 52,915,834 | 40,553,492 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 67,598,626 | 63,031,020 | 2,052,881 | 1,705,577 | 1,629,300 | 0 |
| provisions | 158,076 | 138,119 | 141,249 | 488,558 | 25,936 | 0 |
| total long term liabilities | 67,756,702 | 63,169,139 | 60,151,816 | 57,332,169 | 54,571,070 | 40,553,492 |
| total liabilities | 77,141,254 | 71,573,096 | 71,339,889 | 71,531,681 | 65,722,638 | 63,527,282 |
| net assets | -29,073,422 | -20,771,217 | -13,946,913 | -12,490,637 | -6,062,996 | -2,843,097 |
| total shareholders funds | -29,073,422 | -20,771,217 | -13,946,913 | -12,490,637 | -6,062,996 | -2,843,097 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -687,469 | -452,349 | 3,371,389 | -395,137 | 2,613,437 | -3,152,702 |
| Depreciation | 360,865 | 843,459 | 901,168 | 431,456 | 388,788 | 56,750 |
| Amortisation | 2,740,850 | 2,163,696 | 2,333,021 | 5,726,610 | 6,355,731 | 907,284 |
| Tax | -2,977,456 | -681,294 | -3,089,914 | -1,801,308 | -2,812,566 | 85,489 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -366,547 | -3,917,687 | -4,856,335 | -1,015,053 | 2,500,007 | 25,139,375 |
| Creditors | 140,219 | 842,745 | -1,374,107 | 608,449 | -691,712 | 2,675,518 |
| Accruals and Deferred Income | 840,376 | -2,265,941 | 904,304 | -102,141 | -1,437,979 | 9,244,821 |
| Deferred Taxes & Provisions | 19,957 | -3,130 | -347,309 | 462,622 | 25,936 | 0 |
| Cash flow from operations | 803,889 | 4,364,873 | 7,554,887 | 5,945,604 | 1,941,628 | -15,322,215 |
| Investing Activities | ||||||
| capital expenditure | -1,104,868 | -520,587 | -1,210,184 | -1,430,007 | -1,204,675 | -179,462 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,104,868 | -520,587 | -1,210,184 | -1,430,007 | -1,204,675 | -179,462 |
| Financing Activities | ||||||
| Bank loans | 0 | -1,360,920 | 0 | 0 | 680,460 | 680,460 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -10,372,991 | 10,372,991 |
| Long term loans | 0 | -57,957,686 | 2,819,652 | 2,222,200 | 12,362,342 | 40,553,492 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 4,567,606 | 60,978,139 | 347,304 | 76,277 | 1,629,300 | 0 |
| share issue | ||||||
| interest | -4,948,372 | -4,897,194 | -4,503,503 | -3,928,020 | -3,482,864 | -522,615 |
| cash flow from financing | -41,618 | -4,046,558 | 1,429,205 | -1,932,719 | 1,278,341 | 51,831,059 |
| cash and cash equivalents | ||||||
| cash | -730,747 | -422,109 | 5,113,334 | 5,074,345 | 2,259,199 | 5,834,917 |
| overdraft | 0 | 0 | -2,541,636 | 2,541,636 | 0 | 0 |
| change in cash | -730,747 | -422,109 | 7,654,970 | 2,532,709 | 2,259,199 | 5,834,917 |
loc group holdings limited Credit Report and Business Information
Loc Group Holdings Limited Competitor Analysis
Perform a competitor analysis for loc group holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in BL1 area or any other competitors across 12 key performance metrics.
loc group holdings limited Ownership
LOC GROUP HOLDINGS LIMITED group structure
Loc Group Holdings Limited has no subsidiary companies.
Ultimate parent company
LOC GROUP HOLDINGS LIMITED
08676704
loc group holdings limited directors
Loc Group Holdings Limited currently has 1 director, Mr Martin Cooke serving since Dec 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Cooke | England | 60 years | Dec 2020 | - | Director |
P&L
December 2018turnover
51.2m
-4%
operating profit
-687.5k
+52%
gross margin
32.1%
-10.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-29.1m
+0.4%
total assets
48.3m
-0.05%
cash
17.1m
-0.04%
net assets
Total assets minus all liabilities
loc group holdings limited company details
company number
08676704
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
September 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2018
previous names
neptune topco limited (November 2015)
de facto 2054 limited (October 2013)
accountant
-
auditor
BDO LLP
address
c/o cowgill holloway llp, regenc, chorley new road, bolton, BL1 4QR
Bank
-
Legal Advisor
-
loc group holdings limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to loc group holdings limited.
loc group holdings limited Capital Raised & Share Issues BETA
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loc group holdings limited Companies House Filings - See Documents
| date | description | view/download |
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